U.S. Chain Store Sales Increased 1.7 Percent in August


U.S. chain store sales for August 2008 rose by 1.7 percent on a year-over-year same-store basis, according to ICSC’s index. “The slower than trend August sales pace was touched by weakness in the economy, cold and wet weather, a later start to the school year and lean inventories,” said Michael P. Niemira, ICSC’s chief economist and director of research. “For the industry as a whole, we expect September sales to post an increase of about 2 percent,” he added.

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